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1110 S Normandie Ave 8 Unit Apartment Building $1,500,000 ($187,500/Unit) Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Central Koreatown location
- Future redevelopment potential (R4-1a Zoning)
EXECUTIVE SUMMARY
This Property presents an excellent investment opportunity in the dynamic Pico-Union neighborhood. Built in the 1920s, the structure offers approximately 6,460 sf of living space situated on a 5,906 sf lot, consists of eight units. Six of the units are one-bedroom/one bathroom, and two of the units are two-bedroom, one-bathroom apartments, which include on-site laundry facilities.
Current rents are below market value, and with strategic renovations, upgrades, and professional management, the new ownership can increase rental income and value.
Residents enjoy a convenient urban lifestyle due to the property’s proximity to Koreatown, an area renowned for its diverse dining, walkability, entertainment options, and access to public transit access, that blends historic charm with modern conveniences.
This investment opportunity is ideally positioned and located in an area experiencing ongoing new developments and presents a compelling investment for steady cash flow and long-term value appreciation.
Please contact Lauren Mara at 310.402.4180 with any questions or to discuss.
DO NOT DISTRUB TENENTS!
Current rents are below market value, and with strategic renovations, upgrades, and professional management, the new ownership can increase rental income and value.
Residents enjoy a convenient urban lifestyle due to the property’s proximity to Koreatown, an area renowned for its diverse dining, walkability, entertainment options, and access to public transit access, that blends historic charm with modern conveniences.
This investment opportunity is ideally positioned and located in an area experiencing ongoing new developments and presents a compelling investment for steady cash flow and long-term value appreciation.
Please contact Lauren Mara at 310.402.4180 with any questions or to discuss.
DO NOT DISTRUB TENENTS!
PROPERTY FACTS
| Price | $1,500,000 | Lot Size | 0.14 AC |
| Price Per Unit | $187,500 | Building Size | 6,480 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | LAR4 | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
| Zoning | LAR4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 5078-020-024 | Improvements Assessment | $255,563 |
| Land Assessment | $221,584 | Total Assessment | $477,147 |
PROPERTY TAXES
Parcel Number
5078-020-024
Land Assessment
$221,584
Improvements Assessment
$255,563
Total Assessment
$477,147
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1110 S Normandie Ave
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